Multifamily Development
For Sale
Contact for pricing
12320 32nd Ave NE, Seattle, WA 98125
Development site includes income from eight apartment units while plans support small efficiency and open 1x1 units.
Property SizeContact for details
Days on Market132
Property Features for 12320 32nd Ave NE
General Information
Standard status
Active
Property subtype
Multifamily, Senior Living
Listing Agency:
Sagareus Real Estate
Listed By:
Justin Sult · License #WA 120336
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sagareus Real Estate
Investment Insights
Based on property information with market context.
The N-102 Apartments property is a multifamily development site offered for sale, presented as fully entitled and positioned to proceed directly to vertical construction. Existing income comes from eight apartment units, which can help offset carrying costs during the development timeline. The proposed unit mix includes small efficiency dwelling units (SEDUs) and open 1x1 units.
Located at 12320 32nd Ave NE in Seattle, the site is described as convenient to neighborhood amenities and within 15 minutes of downtown Seattle and other major employment hubs.
The listing notes that rental rates are targeted at the low end of the competitive set, with the goal of maintaining occupancy through varying economic conditions.
Located at 12320 32nd Ave NE in Seattle, the site is described as convenient to neighborhood amenities and within 15 minutes of downtown Seattle and other major employment hubs.
The listing notes that rental rates are targeted at the low end of the competitive set, with the goal of maintaining occupancy through varying economic conditions.
Key Highlights
- Fully entitled multifamily development site in a Seattle urban village neighborhood.
- Existing income from 8 apartment units helps offset carrying costs while you plan construction.
- Plans support small efficiency dwelling units (SEDUs) and open 1x1 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
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Business Placement
Demographics for 98125, WA
42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Development site includes income from eight apartment units while plans support small efficiency and open 1x1 units.
Where is this apartment building located?
The property is located at 12320 32nd Ave NE Seattle, WA.
What are key features of this property?
This property features: Fully entitled multifamily development site in a Seattle urban village neighborhood.; Existing income from 8 apartment units helps offset carrying costs while you plan construction.; Plans support small efficiency dwelling units (SEDUs) and open 1x1 units.
